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6635 SCHAEFER RD 2,500 SF 100% Leased Retail Building Dearborn, MI 48126 $897,429 CAD ($358.97 CAD/SF) 7.57% Cap Rate
Investment Highlights
- • TWO SEPARATE COMMERCIAL UNITS
- • PRIME HIGH-VISIBILITY LOCATION ON BUSY SCHAEFER ROAD
- • STRONG MONTHLY CASH FLOW OF $4,100/MONTH
Executive Summary
HEART OF EAST DEARBORN! THIS UNIQUE PROPERTY FEATURES TWO SEPARATE COMMERCIAL UNITS, BOTH FULLY LEASED WITH ESTABLISHED TENANTS IN PLACE, PROVIDING IMMEDIATE CASH FLOW. CURRENTLY GENERATING $4,100 PER MONTH IN RENTAL INCOME. PRIME LOCATION WITH HEAVY DAILY TRAFFIC, GREAT VISIBILITY, AND STRONG SURROUNDING BUSINESS ACTIVITY. IDEAL FOR INVESTORS LOOKING FOR A STABLE INCOME-PRODUCING PROPERTY IN ONE OF DEARBORN’S MOST DESIRABLE COMMERCIAL CORRIDORS. CLOSE TO SHOPPING, RESTAURANTS, MAJOR FREEWAYS, AND DOWNTOWN DEARBORN.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$67,928
|
$29.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,928
|
$29.10
|
| Taxes |
$9,128
|
$3.91
|
| Operating Expenses |
$4,142
|
$1.77
|
| Total Expenses |
$13,270
|
$5.69
|
| Net Operating Income |
$54,659
|
$23.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $67,928 |
| Annual Per SF | $29.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $67,928 |
| Annual Per SF | $29.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,128 |
| Annual Per SF | $3.91 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,142 |
| Annual Per SF | $1.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,270 |
| Annual Per SF | $5.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,659 |
| Annual Per SF | $23.42 |
Property Facts
Sale Type
Investment
Property Type
Building Size
2,500 SF
Building Class
B
Year Built/Renovated
1947/2025
Price
$897,429 CAD
Price Per SF
$358.97 CAD
Cap Rate
7.57%
NOI
$67,928 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.16 AC
Zoning
BB
Frontage
60’ on Schaefer Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- NATURAL BEAUTY
- Retailer
- 980 SF
- $27.61 CAD
- Modified Gross
- -
- WORLD OF GIFTS
- Retailer
- 1,500 SF
- $27.61 CAD
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| NATURAL BEAUTY | Retailer | 980 SF | $27.61 CAD | Modified Gross | - | |
| WORLD OF GIFTS | Retailer | 1,500 SF | $27.61 CAD | Modified Gross | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 82-10-072-12-029 | Total Assessment | $174,452 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $9,128 CAD ($3.65 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
82-10-072-12-029
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$174,452 CAD
Annual Taxes
$9,128 CAD ($3.65 CAD/SF)
Tax Year
2025 Payable 2025
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6635 SCHAEFER RD
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